Solar hits coal at Rs 3

Solar tariff fell down to Rs 3 per unit for Solar Energy Corporation of India’s bid for 500MW rooftop solar power projects. Gurugram based company Amplus Energy Solutions quoted an all-time low Rs 3 per unit leaving behind the previous low of Rs 4 per unit for a solar park in Rajasthan.

“In a move that will offer the cheapest power from solar rooftop plants, Amplus Energy Solutions has won a bid to install 14.5 MW of solar rooftop plants across 10 states. The tariffs offered are at a record low of Rs 3/unit in four states and Rs 5.3-6.2/unit in other states in India. Tariffs are fixed for 25 years,” said an official of Amplus Energy Solutions.

Uttarakhand, Himachal Pradesh, Chandigarh and Puducherry will get solar at Rs 3 per unit, while others such as Karnataka, Madhya Pradesh and Maharashtra will get solar power at Rs 5.56/unit. Rajasthan at Rs 5.38/unit, Haryana at Rs 5.76/unit and Punjab at Rs 6.20/unit, he added.

State

Capacity

Price Quoted

Chandigarh

0.5MW

Rs 3/unit

Haryana

2MW

Rs 5.76/unit

Himachal Pradesh

1MW

Rs 3/unit

Karnataka

2MW

Rs 5.56/unit

Madhya Pradesh

1MW

Rs 5.56/unit

Maharashtra

3MW

Rs 5.56/unit

Puducherry

0.5MW

Rs 3/unit

Punjab

2MW

Rs 6.20/unit

Rajasthan

2MW

Rs 5.38/unit

Uttarakhand

0.5MW

Rs 3/unit

Amplus will install, operate and maintain the project for a period of 25 years and will invest Rs 70 crore for all the projects.

These projects would help in CO2 savings of 5,00,250 MT or reduced consumption of 36,97,500 barrels of crude oil which will be equivalent to planting 6,23,500 trees over their entire life.

The government has target to increase energy sourced from solar rooftop systems to 40 gigawatts by 2022.

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